Is Forest Park, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Forest Park was a Seller's Market.
Housing Prices in Forest Park, GA
How much do homes in Forest Park, GA cost?
Median Sold Price
$198,983
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Forest Park was $198,983 in May 2024, up 4.7% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $60K | - | N/A |
2 Bedrooms | $160K | $160K | 0.0% |
3 Bedrooms | $180K | $195K | +8.3% |
4 Bedrooms | $239.7K | $230K | -4.0% |
5+ Bedrooms | $260K | $298K | +14.6% |
Summary: Forest Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes increased by 14.6%.
Median Sold Price Compared To Nearby Cities
Lake City | $207K | $235K | +13.5% |
Forest Park | $190K | $198.9K | +4.7% |
Morrow | $229.5K | $232.3K | +1.2% |
Forest Park-Morrow | $232.6K | $230K | -1.1% |
Conley | $259.9K | $230K | -11.5% |
Housing Supply in Forest Park, GA
How many homes are available in Forest Park, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
109 | 112 | +2.8% |
Summary: The Forest Park real estate market had 112 homes for sale in May 2024, a 2.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 15 | 13 | -13.3% |
3 Bedrooms | 63 | 69 | +9.5% |
4 Bedrooms | 18 | 21 | +16.7% |
5+ Bedrooms | 13 | 9 | -30.8% |
Summary: The Forest Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 13.3%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 30.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
23 | 19 | -17.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Forest Park in May 2024, down by 17.4% month-over-month. Of the 14 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for Forest Park, GA
How long does it take to sell a home in Forest Park, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
25 Days | 34 Days | +35.1% |
Summary: Homes in Forest Park had an average of 34 days on market in May 2024, up by 35.1% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 19 homes were sold in Forest Park; 63% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.